Developments on the Brexit

iasparliament
August 31, 2017
3 months
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1

What is the issue?

As the EU and Britain enter for the next round of Brexit negotiations,  EU demands more clarity on certain issues before Britain decides on post-Brexit arrangements.

What are the recent developments?

  • The opposition party is putting forth the idea of a "soft Brexit".
  • Firstly, this means Britain remaining in the EU’s customs union and single market for a transition period after the March 2019 Brexit deadline.
  • This would perhaps facilitate tariff-free trade, and the much-needed certainty to businesses and consumers.
  • However, it also implies the acceptance of the principle of free movement of people within the EU bloc, which was earlier one of the prime reasons for the Brexit.
  • Secondly, the initial call for Brexit had firmly asserted the need for Britain's independence from the  European Court of Justice on national sovereignty concerns.
  • However, recently, the ruling Conservative Party has hinted a possibility of the continued role of the Court well after Britain’s exit from the EU.
  • Britain Prime Minister Theresa May is compromising on her earlier stance to leave both, as she lost her parliamentary majority in the recent elections.

What is the way forward?

  • The withdrawal agreement as understood from Article 50 of the Treaty on European Union entails three distinct elements -  
  1. status of British and EU migrants resident in their respective territories
  2. the financial settlement of London’s outstanding dues
  3. reconfiguration of the EU-UK border between Northern Ireland and the Republic of Ireland.
  • The European Union insists that these key issues of withdrawal be dealt and settled before any post-Brexit discussions begin.
  • A resolution of these outstanding issues only would ensure a meaningful negotiation on the Brexit as well as any future trade agreement between the two parties.

 

Source: The Hindu

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